hlpy, a Milan, Italy-based roadside assistance company, raised €1M in seed funding.
Backers included Michel Taride – former Group President of Hertz International – who has joined as an investor and Advisor for global operations – Bene Assicurazioni and Vittoria Assicurazioni.
The company intends to use the funds to continue to expand its business reach in Italy and internationally.Founded in May 2020 by Valerio Chiaronzi (CEO) and Graziano Cavallo (CGO), Hlpy provides a digital roadside assistance service via a network of 580+ centers, 1,900+ drivers/mechanics, 2,800+ tow trucks in Italy.
The company, which has signed several partnerships to cover the Italian market, leverages technologies such as machine learning, artificial intelligence, and natural language processing to solve limits and inefficiencies of this industry.
Chiaronzi and Graziano Cavallo have collectively 25+ years of experience in insurance services, with a particular focus on roadside assistance. In addition, Enrico Noseda (Advisor) has spent 10 years with Skype running global business development from London.